Question: Please USE a Financial Calculator Method in you Answer: A bank robber, was worried about his investment and decided to open a savings account on

Please USE a Financial Calculator Method in you Answer: A bank robber, was worried about his investment and decided to open a savings account on January 1,1990, making a deposit of $100. Robby made semi-annual deposits of his share of the "loot" which amounts to $100,000 per year starting with the first deposit on July 1,1990. He continued making deposits until the time on his arrest on July 3,1995. He will be released from jail in January 1996, at which time he expects to re-enter the business and resume making deposits on July 1,1996, until he retires on December 31,1998( six months after his last deposit). Assume that Robber's loot was not confiscated by the authorities at the time of his arrest and that the bank's interest rate is 6% compounded semi-annually from January 1,1990, through July 1,1993 and 8% compounded semi-annually thereafter. Required: Determine the balance in Robby's savings account at the time of his retirement.

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